Russia: in 2014 the growth of GDP to reach less than 1% - Central Bank

The Central Bank of Russia forecasts lowering of the growth rates of GDP in Russia in 2014 to less than 1%, declared Elvira Nabiullina, Governor of the Central Bank of Russia, on April 2.

According to her, realization of the previous forecast of economic growth in 2014, which was presented last year, is quite unlikely. The index will be at the level of lower 1%, as opposed to the previously expected level of 1.5-1.8%, said E.Nabiullina.